Convergence Partners is a private equity firm and venture debt in South Africa that focuses on the telecommunications, media and technology sectors. Founded 2006 in Johannesburg, NA - South Africa, South Africa by Andile Ngcaba, Brandon Doyle, Eric Di Benedetto, Idan Segal, Russ Irwin, and Stefan Ferreira, it invests in early stage ventures, late stage ventures, private equity, series A, series C, and debt financing. Its portfolio companies include Snapt, ESET, CSquared, Dimension Data, and Comsol Networks. As of March 2020, Convergence Partners has made 36 investments. Their most recent investment was on December 6, 2018, when Snapt raised $3M. Convergence Partners has had six exits, the most notable of which include Dimension Data, Penguin Computing, and Tropian. The company has raised three funds, their latest being Convergence Partners Communications Infrastructure Fund (Final Close). This fund was announced on July 28, 2015 and raised a total of $200M.
Eric Di Benedetto
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